The Fed is seen sticking to its accommodative stance – UOB

Economist at UOB Group Lee Sue Ann comments on the upcoming FOMC event (Wednesday).

Key Takeaways

“The “talk about the talk” about QE tapering and updated dot plot during the June FOMC could set in motion for taper discussion.”

“We expect the Fed to keep its current policy stance unchanged in the July FOMC and the Jackson Hole Symposium (26 August) could see the first hint of taper and we expect first taper to be done in December 2021.”